ProShares UltraPro Short QQQ Stock to Reverse Split on Thursday, November 7th (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock is going to reverse split on Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.

ProShares UltraPro Short QQQ Stock Down 2.7 %

Shares of SQQQ opened at $6.92 on Wednesday. ProShares UltraPro Short QQQ has a one year low of $6.85 and a one year high of $22.56. The business has a fifty day moving average of $7.85 and a 200 day moving average of $8.90.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares UltraPro Short QQQ in the second quarter worth about $29,000. International Assets Investment Management LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. increased its holdings in ProShares UltraPro Short QQQ by 438.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock worth $85,000 after acquiring an additional 6,580 shares in the last quarter. Camarda Financial Advisors LLC bought a new stake in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $107,000. Finally, Jeppson Wealth Management LLC purchased a new position in ProShares UltraPro Short QQQ during the second quarter valued at approximately $88,000.

ProShares UltraPro Short QQQ Company Profile

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.